Example Organisations (10.2.4) - Non-Trading Organisations - ICSE 11 Accountancy
Students

Academic Programs

AI-powered learning for grades 8-12, aligned with major curricula

Professional

Professional Courses

Industry-relevant training in Business, Technology, and Design

Games

Interactive Games

Fun games to boost memory, math, typing, and English skills

Example Organisations

Example Organisations

Enroll to start learning

You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.

Practice

Interactive Audio Lesson

Listen to a student-teacher conversation explaining the topic in a relatable way.

Charitable Organisations

🔒 Unlock Audio Lesson

Sign up and enroll to listen to this audio lesson

0:00
--:--
Teacher
Teacher Instructor

Today, we are going to talk about charitable organisations. Can anyone tell me what a charitable organisation does?

Student 1
Student 1

I think they help people in need, like providing food and shelter.

Teacher
Teacher Instructor

Exactly! Charitable organisations focus on helping those in need. They rely on donations to fund their activities. Can anyone mention some examples?

Student 2
Student 2

Maybe NGOs or food banks?

Teacher
Teacher Instructor

Great examples! Remember, their main goal is not to make profit but to create social impact. A good mnemonic to remember is 'HELP': Helping Everyone Live Prosperously.

Student 3
Student 3

That helps a lot!

Teacher
Teacher Instructor

Good! In summary, charitable organisations serve critical functions in society by addressing needs that may not be met otherwise.

Clubs and Societies

🔒 Unlock Audio Lesson

Sign up and enroll to listen to this audio lesson

0:00
--:--
Teacher
Teacher Instructor

Next, let's discuss clubs and societies. Who can tell me what a club or society generally does?

Student 3
Student 3

They gather people with similar interests, right?

Teacher
Teacher Instructor

Correct! They foster community engagement and camaraderie among members. What are some clubs you've heard of?

Student 4
Student 4

Like book clubs or sports clubs?

Teacher
Teacher Instructor

Exactly! These clubs usually depend on membership fees or donations to operate. Can anyone think of how they could serve the community?

Student 2
Student 2

They could organise events that raise money for different causes!

Teacher
Teacher Instructor

Exactly! Events can raise awareness and funds, reinforcing their mission. Let's use the acronym 'FUN': Friends United for Networking, to highlight their role in building connections.

Student 1
Student 1

That's a fun way to remember!

Teacher
Teacher Instructor

Great! In summary, clubs and societies play a vital role in creating community engagement around shared interests.

Trade Unions

🔒 Unlock Audio Lesson

Sign up and enroll to listen to this audio lesson

0:00
--:--
Teacher
Teacher Instructor

Now, let’s cover trade unions. What purpose do they serve?

Student 1
Student 1

They help workers get better pay and working conditions.

Teacher
Teacher Instructor

Exactly! Trade unions represent collectively the interests of workers. Why do you think collective bargaining is important?

Student 3
Student 3

Because it gives workers a stronger voice compared to negotiating individually.

Teacher
Teacher Instructor

Right! They empower workers by advocating for their rights. Remember the acronym 'CARE': Collective Action for Rights and Equality. It’s crucial for making change.

Student 4
Student 4

That makes sense. It’s a team effort!

Teacher
Teacher Instructor

Absolutely! In summary, trade unions are pivotal in ensuring that workers are treated fairly and represent their collective interests.

Educational Institutions

🔒 Unlock Audio Lesson

Sign up and enroll to listen to this audio lesson

0:00
--:--
Teacher
Teacher Instructor

Let’s shift gears to educational institutions. What is their main role?

Student 2
Student 2

They teach students and help them to gain knowledge.

Teacher
Teacher Instructor

Correct! They are fundamental in personal and social development. Can anyone mention types of educational institutions?

Student 1
Student 1

Schools, colleges, and universities!

Teacher
Teacher Instructor

That’s right! And they often rely on government funding and tuition fees. Remember this acronym: 'LEARN': Lifelong Education and Resource Network, to understand their contribution towards lifelong learning.

Student 3
Student 3

I like that! It shows how important education is.

Teacher
Teacher Instructor

Yes, it is! In summary, educational institutions play a crucial role in shaping future generations and enhancing community knowledge.

Hospitals

🔒 Unlock Audio Lesson

Sign up and enroll to listen to this audio lesson

0:00
--:--
Teacher
Teacher Instructor

Finally, let’s discuss hospitals. What is their essential function?

Student 4
Student 4

They provide medical care and treatment.

Teacher
Teacher Instructor

Exactly! They are vital to public health. What types of services do hospitals offer?

Student 2
Student 2

Emergency services, surgeries, and outpatient care?

Teacher
Teacher Instructor

Correct! Hospitals rely on funding from donations, government support, and patient payments. Let's use the mnemonic 'HEALTH': Helping Everyone Access Life-saving Treatment and Health.

Student 1
Student 1

That's a good way to remember!

Teacher
Teacher Instructor

Absolutely! To summarize, hospitals are indispensable for addressing health issues and improving community wellbeing.

Introduction & Overview

Read summaries of the section's main ideas at different levels of detail.

Quick Overview

This section highlights various examples of non-trading organisations, including their unique characteristics and operations.

Standard

In this section, we explore several examples of non-trading organisations, such as charitable organisations, clubs, trade unions, schools, and hospitals. Each serves a vital role in their respective communities and supports social, educational, or charitable objectives, often relying on membership and donations.

Detailed

Example Organisations in Non-Trading Sector

This section provides a detailed overview of various types of non-trading organisations, which operate primarily to serve societal needs rather than to generate profit. Key examples include:

  1. Charitable Organisations: These organisations focus on humanitarian efforts, offering assistance to those in need through various programs and services.
  2. Clubs and Societies: Typically formed based on a shared interest or hobby, these groups encourage social interaction and community engagement among their members.
  3. Trade Unions: These organisations advocate for the rights of workers, allowing them to negotiate wages, benefits, and working conditions collectively.
  4. Educational Institutions: Schools and colleges provide structured learning environments aimed at expanding knowledge, skills, and vocational preparation.
  5. Hospitals: Essential for healthcare delivery, hospitals provide medical services and promote health and wellness within the community.

Each of these organisations illustrates the diversity of the non-trading sector and emphasizes the importance of their role in addressing specific community needs.

Youtube Videos

Accounts of Not for Profit Organisations | NPO ISC Class 11 | @star_commerce
Accounts of Not for Profit Organisations | NPO ISC Class 11 | @star_commerce
NPO - NOT FOR PROFIT ORGANISATIONS | Basics | Part 1 | Class 12 | Accounts
NPO - NOT FOR PROFIT ORGANISATIONS | Basics | Part 1 | Class 12 | Accounts
1. Non - Trading Accounts - Introduction
1. Non - Trading Accounts - Introduction
#1 Accounts of Non Profit Organisations (NPO) ~ Basic Introduction
#1 Accounts of Non Profit Organisations (NPO) ~ Basic Introduction
General and Specific funds | Not For Profit Organization | Class 11 ISC | NPO | Shubham Jagdish
General and Specific funds | Not For Profit Organization | Class 11 ISC | NPO | Shubham Jagdish
Trading Account Debit and Credit side items: #shortvideo #accounts
Trading Account Debit and Credit side items: #shortvideo #accounts

Audio Book

Dive deep into the subject with an immersive audiobook experience.

Types of Example Organisations

Chapter 1 of 1

🔒 Unlock Audio Chapter

Sign up and enroll to access the full audio experience

0:00
--:--

Chapter Content

  • Charitable organisations, clubs, trade unions, schools, and hospitals.

Detailed Explanation

This chunk lists the different types of non-trading organisations. Each type serves a unique purpose while contributing to the community. Charitable organisations focus on philanthropy, clubs provide recreational opportunities, trade unions advocate for workers’ rights, schools educate the youth, and hospitals offer healthcare services. Understanding these examples helps to grasp the broad scope and impact of non-trading organisations in society.

Examples & Analogies

Think of a community as a garden. Each type of non-trading organisation acts like different plants in this garden. Charitable organisations are like tall trees providing shade and shelter (support to those in need), clubs are colorful flowers bringing beauty and joy (recreational activities for enjoyment), trade unions are strong vines supporting the structure (advocating for workers), schools are seedling plants nurturing growth (educating children), and hospitals are the water system ensuring everything thrives (providing health services).

Key Concepts

  • Charitable Organisations: Focus on social impact without profit motive.

  • Clubs and Societies: Foster community engagement based on shared interests.

  • Trade Unions: Advocate for workers' rights through collective action.

  • Educational Institutions: Provide learning and skills development.

  • Hospitals: Essential for healthcare delivery and public well-being.

Examples & Applications

A local food bank providing meals for families in need.

A book club that meets monthly to discuss literature and foster friendships.

A trade union that negotiates better wages and working conditions for factory workers.

A high school that offers academic programs and extracurricular activities.

A community hospital providing emergency and specialized care.

Memory Aids

Interactive tools to help you remember key concepts

🎵

Rhymes

Charity's heart shines bright, Helping the weak, spreading light.

📖

Stories

Once upon a time, in a small town, there stood a hospital run by caring hearts who chose to help those in need while teaching new skills to the townsfolk.

🧠

Memory Tools

CLUBS: Community, Learning, Unity, Bonding, Support.

🎯

Acronyms

HEALTH

Helping Everyone Access Life-saving Treatment and Health.

Flash Cards

Glossary

Charitable Organisation

An organisation that focuses on providing assistance to those in need and operates primarily through donations.

Club

A group of people who come together based on shared interests or activities.

Trade Union

An organisation that represents the collective interests of workers.

Educational Institution

An establishment that provides instruction and learning for students.

Hospital

A healthcare institution that provides treatment and care for the sick or injured.

Reference links

Supplementary resources to enhance your learning experience.